Mortgagee sale: Suntec City strata office unit going for $6.7 mil
According to Sharon Lee, managing supervisor of auction and sales at Knight Frank Singapore, this is the first time the estate are going to be auctioned. It will be offered with its presenting tenancy, that will create a rental yield of greater than 3.3%, based upon its overview price.
Bloomsbury Residences floor plan
As a business real estate, the unit is not subject to additional buyer’s stamp obligation, and is available to overseas buyers.
Based upon lodged caveats, Suntec Tower One saw 7 purchases in 2025, at an average resale price of $3,279 psf. The most current deal there was the sale of a 2,196 sq ft unit on the 39th level for $8.1 million ($3,689 psf) in July 2025.
Previously this month, three complete office floors were put on the market, consisting of the 27th floor at Suntec Tower One and the 12th and 13th floors at Suntec Tower Two. The accounts consists of 5 individual strata titles with a consolidated area of 40,300 sq ft. It has a guide price of $135 million, which works out to $3,350 psf.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will be generally on the block at Knight Frank’s next property public auction on May 21 in a mortgagee sale. The estate has a guide rate of $6.7 million, that converts to $3,128 psf formed on the strata area.
Other resale purchases at the tower varied from $2,956 psf, when a 2,131 sq ft unit on the 19th floor brought $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office level, comprising 3 strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Suntec Tower One is one of Suntec City’s 5 Grade An office towers. Created in the mid-1990s, the integrated development on Temasek Boulevard additionally includes a retail shopping center, along with a convention and exhibition centre.
Various other strata offices at Suntec City have actually also been actually offered just recently. Previous month, a pair of strata office units at Suntec Tower One were introduced for sale with an expression of interest exercise, that will finalize on May 5. The adjoining units, which have a complete strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
Suntec City went through considerable property improvement initiatives in 2022, including upgrades to entrance lobbies, reception areas, concierge areas, airlift lobbies and toilets.
Caveats suggest that the unit available for sale last changed hands for about $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to draw in interest from both investors and end-users, amid a shortage of brand-new strata-titled office space supply due to URA limitations.
The enhancement benefits from sheltered connectivity to close-by transport nodes, including City Hall, Promenade and Esplanade MRT terminals, presenting links to the North-South, East-West, Downtown and Circle lines. It is additionally linked to significant expressways such as the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
The unit features a column-free design, which is typical of units in Tower One, allowing for efficient workstation configurations and collective areas, includes Lee.
